The choice is really your mothers. However bear in mind that most Investments have gone pear shaped. She is only 60 and the world should be in a position to sort itself out, but it will take time. There are tens of millions of people in the same boat.
[FONT="]If you follow this advice your mother will end up old and poor. A 60 year old today, if she doesn’t smoke and leads a healthy life style, can look forward for 25 - 30 years of life so you need to look at this as the investment horizon. Elderly people do have a need for large cash amounts for nursing homes or emergency medical expenses so your 70k is cash would seem prudent; however, there may be better deals around than the Nationwide account. The real risk to this is inflation, so if you think you Mum will be around for a long time you could switch a proportion to a euro-denominated index tracker, which hopefully will give returns to beat inflation. The property investment makes sense; your mother has a longish investment horizon and property is a stable investment but I think you should look at a lomg, say 12 year, time frame for a return on property. The BoI innovator fund is a rather risky but could turn out to be a real winner. It invests in emerging markets and commodities, which are doing really well at present and also alternative energy and water that one would question their advisably as investments for an elderly person. So you may wish to plan to switch out of this, as your Mum grows older. So my advice would be to leave things as they are at present, but with a bit of tweaking. (The one I'd be worried aboutis teh innovator; commodities adn emerging markets are asset classes; water and alternative energy are, IMHO,a bit flakey, i.e. tilts within asset classes or investment styles.) Your post does not say if your mother will have a state or survivor pension. If she doesn’t she could consider buying an annuity to protect against longevity risk [/FONT]I think Trevork you know in your heart and soul, time to get out. Move all 'remaining funds' to deposit account, tomorrow, at least then you will have some peace of mind.
I suggest you open an investment share account with 20k in your mothers name with Irish Nationwide. chance of some windfall anything between 5k and 10k when/if they demutualise.
This gives an opportunity to get back some of the losses.
if you really want to make it up to your mother you too openan account and give her any windfall that accrues.
This could take several years before this happens in the current climate.
For example, Quinn Life’s Euro Freeway tracks the Eurostoxx50 index. There are also ETFs available that do this or that track broader euro indices.In particular PMU, can you give an example of a euro denominated index tracker?
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